FASHION SERVICES LIMITED

All monies charge over all book debts all book debts and other debts now and from time to time hereafter due owing or incurred to the company. Nb - the company shall not except with the prior written consent of the bank:- (a) purport to create or permit to subsist over all or any of the debts any mortgage charge lien pledge or security other than this charge: or (b) release exchange compound set-off grant time or indulgence in respect of or in any other manner deal with all or any of the debts save as hereinafter expressly provided.

All monies. Floating charge the undertaking of the company and all its property whatsoever and wheresoever both present and future including its uncalled capital for the time being. The company shall not be at liberty without the previous consent in writing of northern bank limited to create any mortgage or charge or confer any lien on its assets or any part thereof or to sell or deal with its book or other debts or securities for money otherwise than for the purpose of getting in and realising the same in the ordinary way of business.

All monies charge over all book debts all book debts and other debts now and from time to time hereafter due owing or incurred to the company.

All monies. Floating charge the undertaking of the company and all its property whatsoever and wheresoever both present and future including its uncalled capital for the time being. The company shall not be at liberty without the previous consent in writing of northern bank limited to create any mortgage or charge or confer any lien on its assets or any part thereof or to sell or deal with its book or other debts or securities for money otherwise than for the purpose of getting in and realising the same in the ordinary way of business.